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Dec 10, 2013
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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Dec 5, 2013
12/13
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sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you make. if you make 100,000, you are worth 600,000? >> exactly. s&p is up. equities are up. general home price valuations are up. we have been covering a lot of the lost wealth. five years after the financial crisis, we have recovered a lot of the wealth. the dominant theme for spending in 2014. >> that is very good news. we have breaking news i want to share with you on time warner cable. we have reported a number of inle carriers are interested comcast communications. according to bloomberg news, time warner is said to likely accept a share offer between 150 and 1
sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you...
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Dec 3, 2013
12/13
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we deuce our deficit by hundreds of billions of dollars. create thousands of jobs. and most importantly, mr. speaker, it would bring millions of people out of the shadows and into society. including thousands of dreamers. by creating a pathway to citizenship. all the while showing up our border security. as a member of the homeland security committee, i know my colleague mr. jeffries on the judicial committee, we have worked time and time again on legislation to bring forward proposeles on comprehensive immigration reform. so we are asking our colleagues on the other side to join with us to make these things possible. to not just talk about it, to not be proud or pleased with just 50 bills being passed by one of the most least productive congresses in history but to actually accomplish things that the american public expects us to accomplish. another top priority that i'd like to talk about this evening, mr. speaker, that we've been working on with my colleagues in the congressional black caucus is preventing racial profiling practices in our law enforcement that ha
we deuce our deficit by hundreds of billions of dollars. create thousands of jobs. and most importantly, mr. speaker, it would bring millions of people out of the shadows and into society. including thousands of dreamers. by creating a pathway to citizenship. all the while showing up our border security. as a member of the homeland security committee, i know my colleague mr. jeffries on the judicial committee, we have worked time and time again on legislation to bring forward proposeles on...
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Dec 8, 2013
12/13
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of ae most likely impact federal deficit is fewer job opportunities. >> hopefully in my lifetime it see for mytter but i children if it continues to go the way is in this world they're going to have it rough. >> the shutdown definitely affected many people in this country. >> if we lose trust or a sense of security -- >> i think the ederal shutdown means that find optimism for america based on the fact that we persevere and keep going. we don't give up and we stick together. i think that will get us through. >> there's a lot of negative news about the country going downhill, but the american spirit is so positive and you can always find the silver lining. it is who we are as people. we can't really focus on anything negative. you know what? that is what gets us through. thank you. those are some of the respondents. lose my job to turn over to nancy cook from "the national journal. >> to forget to his outstanding panel, we want to get some on his participation to get a sense of how people are feeling about some of the poll numbers. we would like to give the audience opportunity to weigh
of ae most likely impact federal deficit is fewer job opportunities. >> hopefully in my lifetime it see for mytter but i children if it continues to go the way is in this world they're going to have it rough. >> the shutdown definitely affected many people in this country. >> if we lose trust or a sense of security -- >> i think the ederal shutdown means that find optimism for america based on the fact that we persevere and keep going. we don't give up and we stick...
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Dec 10, 2013
12/13
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CNBC
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the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with the tea party members? >> nothing gets through the house easily. it will be a tough one, ross, as we get through thursday and friday. there will be a lot of tea party members .some democrats who don't like another hit on federal employees who can balk. but i think the majority, which will be boehner and the republican leadership with pelosi and most democrats, that coalition that we've seen a couple of times already this year, i think, will prevail on friday and we'll get a deal. >> okay. which as you say would take pressure away from us heading into 2014. does that take away one other potent
the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with...
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Dec 4, 2013
12/13
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that deficit can compound itself over time. and finally rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks or high-priced lobbyists and lawyers to secure policies that tilt the playing field in their family and at everyone else's expense. so people get the bad taste that the system is rigged. and that increases cynicism and polarization and it decreases the political participation that is a requisite part of our system of self-government. this is an issue that we have to tackle. if in fact the majority of americans agree that our number one priority is to restore opportunity and broad-based growth for all americans to question his why ask washington washington -- why his washington consistently failed to act? i think a big reason is the myths that have developed around the issue of inequality. first there is the myth but this is a problem restricted to a small share of predominantly minority people. this isn't a broad based problem or a black problem or hispani
that deficit can compound itself over time. and finally rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks or high-priced lobbyists and lawyers to secure policies that tilt the playing field in their family and at everyone else's expense. so people get the bad taste that the system is rigged. and that increases cynicism and polarization and it decreases the political participation that is a requisite part of our system of...
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government treasury securities the treasury securities that the government is used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequences is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are wondering well how come if this is the case and the federal reserve has increased the money supply by over four trillion dollars in the last four four nam five years why haven't we seen more price inflation and that's because the fed reserve has been playing a game it creates the money into the banking system the banks could lend it to us but the federal reserve has through increasing the money supply manipulated interest rates so low as everybody knows and rather tend to lend the money to us consumers of businessmen at these artificially low interest rates the fed reserve pays these banks a sligh
government treasury securities the treasury securities that the government is used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequences is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are...
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western capitals quite the opposite so i think the european union has it's got a massive democratic deficit they're calling policies austerity policies we don't have support they don't have us for majority and you know what your dad. to say to ukrainian government look you've got to change course because there's people in the streets in here it's absolutely outrageous it's one democratic it's unbelievable really it's all well again neil clark broadcast from god of us paper contributor thank you ever so much for being on the line nice to see you tonight very scary or ruling party officials meantime are urging the protestors to go home saying their blockade of administrative buildings is preventing the approval of the twenty fourteen budget that could have an impact on state salaries and pensions across the country so far there's been no sign of the rallies abating however this is thousands of pro-government activists descended on the capital in towns across the east of the country to make their voices heard recent polls suggest ukraine is sharply divided on the issue of integration e.u. inte
western capitals quite the opposite so i think the european union has it's got a massive democratic deficit they're calling policies austerity policies we don't have support they don't have us for majority and you know what your dad. to say to ukrainian government look you've got to change course because there's people in the streets in here it's absolutely outrageous it's one democratic it's unbelievable really it's all well again neil clark broadcast from god of us paper contributor thank you...
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Dec 10, 2013
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trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion authority. the cynical renaming of fast track. reciprocal the trade authority act. and that is a mechanism president roosevelt had that only pertained to tariffs. yes, it is true from 1934, the reciprocal tariff act had tariff proclamation authority, t.p.a., totally different thing than the t.p.a. that equals fast track. truth, a handful of presidents since nixon has had fast track. and now for the politics. the question is, will this house of representatives give president obama this extraordinary authority to push through the tr
trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion...
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Dec 9, 2013
12/13
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now get into warfare if you have a tea party challenger accusing the senator of having fostered giant deficits through the role in the appropriations committee. that becomes a really ugly conversation within the party. >> let me also share with you one of the latest as in louisiana. health care and the use of a familiar scene in louisiana, the theme of the said, let's watch the -- let's watch. >> there is a danger. many have warned that is coming. now they are in a hunt and headed for you. >> at least 80,000 people statewide would not be able to keep their current insurance because of the guttural health care overhaul. >> louisianians are struggling because of obamacare. she recently told reporters, "i am not concerned for anything." she cast the deciding vote for obama care in the first place. it is the brave new world of government incompetence that we will live in. guest: the last line for that is interesting because that is new. the brave new world of government incompetence. that is something the launch of the obamacare website has over republicans. up to it is no longer it is better for
now get into warfare if you have a tea party challenger accusing the senator of having fostered giant deficits through the role in the appropriations committee. that becomes a really ugly conversation within the party. >> let me also share with you one of the latest as in louisiana. health care and the use of a familiar scene in louisiana, the theme of the said, let's watch the -- let's watch. >> there is a danger. many have warned that is coming. now they are in a hunt and headed...
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Dec 5, 2013
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can be trusted given the trust deficit the polling suggests. can he be believed? should the people believe him? >> first of all, let's start with health care. we are obviously in a period of transition. i think you will see a lot of bumps in the road as we move forward here. >> big bumps. >> the law will work. it's already started to increase. >> very low. there was only one direction the to go. >> a lot of them are 18 to 29. you were probably a straight a student and planned ahead before things were due. >> you keep that rolling. >> a lot of folks will get ready right before the deadline. that happened in massachusetts. >> get back to what i said. >> on the trust issue. you know, look. this isn't the first time the president is running on a big serious issue, on the auto bailout. people weren't happy about it. it was unpopular. on the bp oil spill. people called it obama's katrina. >> they think he lied. that's different from didn't handle it well, could have been better. >> same thing people said about bp. >> people think he lied about their health care. what's
can be trusted given the trust deficit the polling suggests. can he be believed? should the people believe him? >> first of all, let's start with health care. we are obviously in a period of transition. i think you will see a lot of bumps in the road as we move forward here. >> big bumps. >> the law will work. it's already started to increase. >> very low. there was only one direction the to go. >> a lot of them are 18 to 29. you were probably a straight a student...
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Dec 8, 2013
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we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be cold hearted. that is not the be
we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate...
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Dec 4, 2013
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a budget deficit. $9.6 trillion deficit. in, america hired democrat congress, senate, president. they stuffed obama down our throats without any consent from republicans. here we are $17 trillion in debt. benghazi, mexico. people whove the believesnd what obama -- shutting down businesses. these democrats have done enough. harry reid has not passed a budget in this country in six years. where is the outrage there? we have no budget. where's the outrage? we are a country with no budget. you run your household with no budget? they are stealing the money to go back to the campaigns, to a democrats. wake up and look at the democrats -- facts. this guy's a socialist and that is what will be coming. god bless us all. host: former president bill clinton weighed in on the health care law i while ago, saying that the president should keep his pledge on if you like your you -- insurance you should keep it. was interviewed yesterday and asked about why he made those comments. [video clip] is it because you are setting the way for mrs. clinton to run? our problems with obamacare limited to t
a budget deficit. $9.6 trillion deficit. in, america hired democrat congress, senate, president. they stuffed obama down our throats without any consent from republicans. here we are $17 trillion in debt. benghazi, mexico. people whove the believesnd what obama -- shutting down businesses. these democrats have done enough. harry reid has not passed a budget in this country in six years. where is the outrage there? we have no budget. where's the outrage? we are a country with no budget. you run...
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Dec 5, 2013
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speaker, i would say that such policies, if we were to continue, would lead to greater federal deficit, which would eventually reduce the nation's output in income, slightly what would occur under current law. so i believe we should be focused on how we get folks back to work. that is where the house has been focused. unfortunately, after 140-some bills we passed over to the senate, they still await even consideration at all by that body. so with that, mr. speaker, i yield back. mr. hoyer: i thank the gentleman for his comment. we need to have the -- we don't have the time nor the inclination of going through the bills which the gentleman refers as jobs bills. of course we have an alternative and mr. van hollen will be talking about that in terms of jobs, investment, infrastructure, investment in education and growing jobs for our people. but the fact of the matter is, mr. speaker, there are 1.3 million people who can't find a job. to say that they will be disincentivized because we continue to give them some support so they can survive and their families can survive during the period
speaker, i would say that such policies, if we were to continue, would lead to greater federal deficit, which would eventually reduce the nation's output in income, slightly what would occur under current law. so i believe we should be focused on how we get folks back to work. that is where the house has been focused. unfortunately, after 140-some bills we passed over to the senate, they still await even consideration at all by that body. so with that, mr. speaker, i yield back. mr. hoyer: i...
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Dec 2, 2013
12/13
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upon taking office, he faced the largest per capita deficit in the country, a total debt of about $3.5 billion. before taking office he did several terms as mayor of stanford, connecticut, from 1995 to 2009, and what's particularly relevant to us today for this conversation is promising to make 2012 the year of education in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. and the governor took the lead in passing one of the nation's more dramatic education bills. signed it in may 2012. it was public act 12116, an act concerning education reform. some of the package's most significant features required a new teacher evaluation pilot in which 45% of the evaluation would be based on student learning. the governor's package created a commissioner's network similar to the recovery school district in louisiana which has the ability to take authority over 25 of the state's lowest performing schools. to date, 11 have been entered into that network. and it increased per-pupil charter school funding to $10,500 in
upon taking office, he faced the largest per capita deficit in the country, a total debt of about $3.5 billion. before taking office he did several terms as mayor of stanford, connecticut, from 1995 to 2009, and what's particularly relevant to us today for this conversation is promising to make 2012 the year of education in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. and the governor took the lead in passing...
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Dec 4, 2013
12/13
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in the long run what we say about health care costs shows up in entire paychecks for workers and/or deficits the government. indeed, the cbo estimates that in the second decade the aca is in effect once it is in effect it will shave .5% of gdp off our deficit every year. which is about $80 billion each year in today's economy. "the new york times" reports this morning that the cost of the aca are heading in the other direction. so economic benefits are going up, costs are going down. now, how do we implement all these benefits to make sure they translate to better care for everyone? because it will allow -- as i said, millions of americans have been benefiting from them since 2010. what we have to do is keep spreading the word so america's know that these options are available to them. for americans without insurance are working to help them get covered. this is where much of the attention has been since october 1. the new health insurance marketplace will help ensure millions of hard-working americans find affordable health care. in states where governors and legislators, candidates and sta
in the long run what we say about health care costs shows up in entire paychecks for workers and/or deficits the government. indeed, the cbo estimates that in the second decade the aca is in effect once it is in effect it will shave .5% of gdp off our deficit every year. which is about $80 billion each year in today's economy. "the new york times" reports this morning that the cost of the aca are heading in the other direction. so economic benefits are going up, costs are going down....
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Dec 2, 2013
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you talked about ending the cost budgetreducing long-term deficits in this country by bringing down the cost of medicare, and then it became about peoplesage in this very wealthy country deserve health insurance. it should be a right. the message is confusing for people. what is this about? is it about the economy? is it about morality in this country and the valid -- values of this country? the problem with messaging came to ahead with, do you want to keep your plan? you recall he began the formulation by saying, if you like your doctor, you will be able to keep your doctor. that quickly turned out to not be the case and obama dropped it ready quickly and went to plan. it is a confusing law. when messaging is mixed and and not entirely credible, it really undermines the president posses ability to say, trust us on this. on --dennis is waiting from new mexico honor independent line. good morning, gentlemen. are you dealing with the attack? from the callers. all he is trying to do is answer some questions. you brought up a point earlier that to get on obama's his itside, it almost makes
you talked about ending the cost budgetreducing long-term deficits in this country by bringing down the cost of medicare, and then it became about peoplesage in this very wealthy country deserve health insurance. it should be a right. the message is confusing for people. what is this about? is it about the economy? is it about morality in this country and the valid -- values of this country? the problem with messaging came to ahead with, do you want to keep your plan? you recall he began the...
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Dec 5, 2013
12/13
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we talk about the budget deficit, the reason we have a budget deficit is because we have a trade deficit. the outsourcing of jobs from coast-to-coast. there is simply no reason to bring up a deal under the fast-tracked procedure which will not permit amendment on this floor, a deal negotiated in secret by yet another presidential administration, and don't americans know how the middle class has been shrinking, how incomes have been shrinking, how production from coast-to-coast has been outsourced? i wish to place additional remarks in the record associating myself with the special order this evening that calls on the administration to rebalance our trade accounts. they could take up a bill that i have authored to rebalance america's trade accounts and take a look at all of these nations with which we have amassed these huge, huge deficits, with our production being outsourced. madam speaker, let's table the trance pacific partnership deal. et's table -- transpacific partnership deal. let's table this model. i yield back the balance of my time. the speaker pro tempore: without objection,
we talk about the budget deficit, the reason we have a budget deficit is because we have a trade deficit. the outsourcing of jobs from coast-to-coast. there is simply no reason to bring up a deal under the fast-tracked procedure which will not permit amendment on this floor, a deal negotiated in secret by yet another presidential administration, and don't americans know how the middle class has been shrinking, how incomes have been shrinking, how production from coast-to-coast has been...
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Dec 3, 2013
12/13
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no increase in the deficit. we already know that this bill is going to cost some two or three times what it was purported to cost. and i think the most famous one we've all heard now enough times, you like your doctor you can keep it. if you like your health insurance plan you can keep it. not true. we were tasked on the republican study committee, health committee, to come up with a market-centered approach to health care, which would include no new taxes, no mandate, maintaining the doctor-patient relationship. it's a short bill of 180 pages. it's been reviewed back during the bush administration to increase by nine million to 11 million people who would have health insurance and we think far more than that and there are six titles to this bill, very simple to understand, one is to overturn the affordable care act. that's number one. number two, equalize the tax treatment between an individual and company. what does that mean? i'll use myself as an example. when i worked for my medical group my health insuranc
no increase in the deficit. we already know that this bill is going to cost some two or three times what it was purported to cost. and i think the most famous one we've all heard now enough times, you like your doctor you can keep it. if you like your health insurance plan you can keep it. not true. we were tasked on the republican study committee, health committee, to come up with a market-centered approach to health care, which would include no new taxes, no mandate, maintaining the...
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Dec 8, 2013
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current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world. said we havellers the most disrespected presidents. how does the worldview that? it is a holy mentality. then you look at what happened in wall street, the greed that is going on. this is all that. we are meddling in
current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more...
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Dec 8, 2013
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effect on the town of the mine closing was deficit in the account had been through lots of hard times bigger than labor strikes and i write about what big strikes in my book. it had been through the depression the aldermen voted to work three days a week so everybody could work. but when the mine closed-end, nobody could believe it. they tried to get people to get in to be a white knight to save the town and have someone else bought it. a company that bought it from the original owners and they were mining deep and mining fast and getting the best stuff out there and then environmental protection agency came in and said you can't keep doing what you're doing. and between the way the gulf resources managed the mine and the epa, they closed down and this became a superfund site. epa is the one who tries to keep the air clean and the water claim. this town did not have clean air or clean water. so there were lots of poisons that were spread out on the ground. while this one company was managing the mine, there was a back house fire. the back house was the place for many of the boys were
effect on the town of the mine closing was deficit in the account had been through lots of hard times bigger than labor strikes and i write about what big strikes in my book. it had been through the depression the aldermen voted to work three days a week so everybody could work. but when the mine closed-end, nobody could believe it. they tried to get people to get in to be a white knight to save the town and have someone else bought it. a company that bought it from the original owners and they...